Monday. UK: CBI Industrial Trends. US: Empire State Survey, Capacity Utilisation, Industrial Production, NAHB Builders Survey, Net Long-Term TICS flows.

Tuesday. Eurozone: Flash Composite PMI, Flash Manufacturing PMI, Trade Balance, ZEW Economic Sentiment. UK: CPI, Input Prices, ONS House Prices, Output Prices. US: Building Permits

Wednesday. UK: Average Earnings, BoE MPC Minutes, Claimant Count Change, ILO Unemployment Rate. Eurozone: HICP, Labour Cost Index. US: CPI, Current Account, FOMC Fed Funds Rate

Thursday. UK: Retail Sales. US: Initial Claims, Leading Indicator, Philadelphia Fed Survey.

Friday. Japan: All Industry Activity Index, Leading Indicator (Final). Eurozone: Current Account. UK: Public Sector Borrowing, CBI Distributive Trades.

Next week's economic highlights include Empire Manufacturing, Industrial Production, Capacity Utilization, the NAHB Housing Market Index, and Net Long-Term TIC Flows on Monday, Housing Starts and Building Permits on Tuesday, CPI, the Current Account Balance, and a FOMC Rate Decision on Wednesday, and Initial Jobless Claims, the Philadelphia Fed, and Leading Economic Indicators on Thursday.